If you own Nib Holdings Limited (ASX: NHF) shares, your dividend is due to hit bank accounts today.
NIB shares have descended 8% in the past month to $7.35. In comparison, the the S&P/ASX 200 Index (ASX: XJO) has slid 5% in the last month.
Let's take a look at the NIB dividend in more detail.
NIB pays out dividend
NIB shareholders are set to receive a final dividend of 11 cents per share, 100% fully franked.
The insurer's total dividend payout for the 2022 financial year is 22 cents per share. This is 8.3% less than the 24 cents per share total dividends paid out in FY21.
In FY20, amid COVID-19, NIB paid a full-year dividend of 14 cents per share, 36% less than the FY22 dividend.
But in FY19, its total dividend was 23 cents per share, 4.5% more than that paid out in 2022.
NIB also offered a dividend reinvestment plan (DRP) for eligible shareholders in FY22. This enables shareholders to reinvest their cash dividends into new shares in the company.
Investors who wanted to receive new NIB shares instead of cash had to make this known to the company by 7 September.
NIB reported a 14.8% lift in underlying profit in FY22 to $235.3 million. Net profit after tax (NPAT) dropped 16.6% to $133.8 million due to investment losses. Statutory earnings per share fell 15.9% to 29.6 cents.
Commenting on these results, managing director Mark Fitzgibbon said: "Our final quarter of FY22 was particularly good; the best we've experienced in seven years."
NIB share price snapshot
The NIB share price has risen nearly 6% in the past year, while it has gained almost 5% in the year to date.
For perspective, the ASX 200 has shed more than 10% in the past year.
NIB has a market capitalisation of more than $3.3 billion.
